Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the dividend payout ratio high or low?
The dividend payout ratio of 73.70% is 67% above its 5-year average of 44.06%, near the high end of its 5-year range (17.85%–92.11%).
As of Friday, March 15, 2019. 54.85% above its 12-month average of 47.59%.
Dividend Payout Ratio (73.70%) = TTM Dividends/Share ($0.28) / TTM EPS ($0.38)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2019-03-15.
DIVIDEND PAYOUT RATIO
73.70%
DIVIDEND PAYOUT RATIO AVG TTM
47.59%
DIVIDEND PAYOUT RATIO AVG 3Y
51.19%
DIVIDEND PAYOUT RATIO AVG 5Y
44.06%
DIVIDEND PAYOUT RATIO AVG 10Y
37.93%
DIVIDEND PAYOUT RATIO AVG 15Y
40.27%
DIVIDEND PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+54.85%
CURRENT VS 3Y AVG
+43.96%
CURRENT VS 5Y AVG
+67.26%
CURRENT VS 10Y AVG
+94.32%
CURRENT VS 15Y AVG
+83.02%
CURRENT VS 20Y AVG
N/A
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | ($1.07) | $0.00 | N/A (Loss) |
| 2024-12-31 | ($1.11) | $0.00 | N/A (Loss) |
| 2023-12-31 | ($1.35) | $0.00 | N/A (Loss) |
| 2022-12-31 | ($0.73) | $0.00 | N/A (Loss) |
| 2021-12-31 | ($0.47) | $0.00 | N/A (Loss) |
| 2020-12-31 | ($3.39) |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2019-03-15 | 73.70% |
| 2019-03-13 | 73.70% |
| 2019-03-11 | 73.68% |
| 2019-03-07 | 73.69% |
| 2019-03-05 | 73.67% |
| 2019-03-01 | 73.68% |
| 2019-02-27 | 73.68% |
| 2019-02-25 | 73.68% |
| 2019-02-21 | 73.70% |
| 2019-02-19 | 73.69% |
| 2019-02-14 | 92.11% |
| 2019-02-12 | 73.68% |
| 2019-02-08 | 73.69% |
| 2019-02-06 | 73.70% |
| 2019-02-04 | 73.67% |
| 2019-01-31 | 73.70% |
| 2019-01-29 | 73.68% |
| 2019-01-25 | 73.69% |
| 2019-01-23 | 73.69% |
| 2019-01-18 | 73.67% |
| 2019-01-16 | 73.70% |
| 2019-01-14 | 73.70% |
| 2019-01-10 | 73.69% |
| 2019-01-08 | 73.68% |
| 2019-01-04 | 73.67% |
| 2019-01-02 | 73.67% |
| 2018-12-28 | 73.67% |
| 2018-12-26 | 73.70% |
| 2018-12-21 | 73.69% |
| 2018-12-19 | 73.69% |
| 2018-12-17 | 73.69% |
| 2018-12-13 | 73.68% |
| 2018-12-11 | 73.67% |
| 2018-12-07 | 73.67% |
| 2018-12-04 | 73.68% |
| 2018-11-30 | 73.67% |
| 2018-11-28 | 73.70% |
| 2018-11-26 | 73.67% |
| 2018-11-21 | 73.67% |
| 2018-11-19 | 73.70% |
| 2018-11-15 | 73.67% |
| 2018-11-13 | 73.67% |
| 2018-11-09 | 73.70% |
| 2018-11-07 | 37.83% |
| 2018-11-05 | 37.84% |
| 2018-11-01 | 37.83% |
| 2018-10-30 | 37.83% |
| 2018-10-26 | 37.84% |
| 2018-10-24 | 37.84% |
| 2018-10-22 | 37.85% |
| 2018-10-18 | 37.84% |
| 2018-10-16 | 37.84% |
| 2018-10-12 | 37.83% |
| 2018-10-10 | 37.84% |
| 2018-10-08 | 37.84% |
| 2018-10-04 | 37.85% |
| 2018-10-02 | 37.84% |
| 2018-09-28 | 37.84% |
| 2018-09-26 | 37.84% |
| 2018-09-24 | 37.84% |
| 2018-09-20 | 37.84% |
| 2018-09-18 | 37.84% |
| 2018-09-14 | 37.85% |
| 2018-09-12 | 37.85% |
| 2018-09-10 | 37.83% |
| 2018-09-06 | 37.83% |
| 2018-09-04 | 37.84% |
| 2018-08-30 | 37.84% |
| 2018-08-28 | 37.84% |
| 2018-08-24 | 37.83% |
| 2018-08-22 | 37.84% |
| 2018-08-20 | 37.84% |
| 2018-08-16 | 37.83% |
| 2018-08-14 | 37.84% |
| 2018-08-10 | 37.84% |
| 2018-08-08 | 32.94% |
| 2018-08-06 | 32.94% |
| 2018-08-02 | 32.95% |
| 2018-07-31 | 32.94% |
| 2018-07-27 | 32.94% |
| 2018-07-25 | 32.95% |
| 2018-07-23 | 32.94% |
| 2018-07-19 | 32.94% |
| 2018-07-17 | 32.94% |
| 2018-07-13 | 32.94% |
| 2018-07-11 | 32.94% |
| 2018-07-09 | 32.94% |
| 2018-07-05 | 32.94% |
| 2018-07-02 | 32.94% |
| 2018-06-28 | 32.94% |
| 2018-06-26 | 32.94% |
| 2018-06-22 | 32.94% |
| 2018-06-20 | 32.94% |
| 2018-06-18 | 32.94% |
| 2018-06-14 | 32.94% |
| 2018-06-12 | 32.94% |
| 2018-06-08 | 32.94% |
| 2018-06-06 | 32.94% |
| 2018-06-04 | 32.94% |
| 2018-05-31 | 32.94% |
| 2018-05-29 | 32.95% |
| 2018-05-24 | 32.94% |
| 2018-05-22 | 32.94% |
| 2018-05-18 | 32.94% |
| 2018-05-16 | 32.94% |
| 2018-05-14 | 32.94% |
| 2018-05-10 | 20.90% |
| 2018-05-08 | 20.89% |
| 2018-05-04 | 20.90% |
| 2018-05-02 | 20.89% |
| 2018-04-30 | 20.90% |
| 2018-04-26 | 20.89% |
| 2018-04-24 | 20.90% |
| 2018-04-20 | 20.89% |
| 2018-04-18 | 20.89% |
| 2018-04-16 | 20.89% |
| 2018-04-12 | 20.90% |
| 2018-04-10 | 20.89% |
| 2018-04-06 | 20.89% |
| 2018-04-04 | 20.90% |
| 2017-08-14 | 44.45% |
| 2017-08-10 | 44.45% |
| 2017-08-08 | 44.45% |
| 2017-08-04 | 44.45% |
| 2017-08-02 | 44.45% |
| 2017-07-31 | 44.45% |
| 2017-07-27 | 44.45% |
| 2017-07-25 | 44.45% |
| 2017-07-21 | 44.44% |
| 2017-07-19 | 44.44% |
| 2017-07-17 | 44.44% |
| 2017-07-13 | 44.44% |
| 2017-07-11 | 44.44% |
| 2017-07-07 | 44.44% |
| 2017-07-05 | 44.44% |
| 2017-06-30 | 44.44% |
| 2017-06-28 | 44.44% |
| 2017-06-26 | 44.45% |
| 2017-06-22 | 44.44% |
| 2017-06-20 | 44.44% |
| 2017-06-16 | 44.44% |
| 2017-06-14 | 44.45% |
| 2017-06-12 | 44.45% |
| 2017-06-08 | 44.45% |
| 2017-06-06 | 44.44% |
| 2017-06-02 | 44.44% |
| 2017-05-31 | 55.56% |
| 2017-05-26 | 44.45% |
| 2017-05-24 | 44.45% |
| 2017-05-22 | 44.44% |
| 2017-05-18 | 44.44% |
| 2017-05-16 | 44.45% |
| 2017-05-12 | 44.45% |
| 2017-05-10 | 44.44% |
| 2017-05-08 | 44.44% |
| 2017-05-04 | 89.83% |
| 2017-05-02 | 89.83% |
| 2017-04-28 | 89.83% |
| 2017-04-26 | 89.83% |
| 2017-04-24 | 89.83% |
| 2017-04-20 | 89.83% |
| 2017-04-18 | 89.83% |
| 2017-04-13 | 89.83% |
| 2017-04-11 | 89.83% |
| 2017-04-07 | 89.83% |
| 2017-04-05 | 89.82% |
| 2017-04-03 | 89.83% |
| 2017-03-30 | 89.83% |
| 2017-03-28 | 89.83% |
| 2017-03-24 | 89.83% |
| 2017-03-22 | 89.83% |
| 2017-03-20 | 89.83% |
| 2016-03-14 | 30.43% |
| 2016-03-10 | 30.43% |
| 2016-03-08 | 30.43% |
| 2016-03-04 | 30.43% |
| 2016-03-02 | 30.44% |
| 2016-02-29 | 30.43% |
| 2016-02-25 | 30.43% |
| 2016-02-23 | 30.44% |
| 2016-02-19 | 30.42% |
| 2016-02-17 | 38.03% |
| 2016-02-12 | 30.43% |
| 2016-02-10 | 30.43% |
| 2016-02-08 | 30.45% |
| 2016-02-04 | 30.43% |
| 2016-02-02 | 30.44% |
| 2016-01-29 | 30.43% |
| 2016-01-27 | 30.44% |
| 2016-01-25 | 30.43% |
| 2016-01-21 | 30.43% |
| 2016-01-19 | 30.43% |
| 2016-01-14 | 30.44% |
| 2016-01-12 | 30.44% |
| 2016-01-08 | 30.44% |
| 2016-01-06 | 30.43% |
| 2016-01-04 | 30.44% |
| 2015-12-30 | 30.44% |
| 2015-12-28 | 30.43% |
| 2015-12-23 | 30.44% |
| 2015-12-21 | 30.43% |
| 2015-12-17 | 30.44% |
| 2015-12-15 | 30.43% |
| 2015-12-11 | 30.44% |
| 2015-12-09 | 30.43% |
| 2015-12-07 | 30.44% |
| 2015-12-03 | 30.43% |
| 2015-12-01 | 30.43% |
| 2015-11-27 | 30.43% |
| 2015-11-24 | 30.43% |
| 2015-11-20 | 30.43% |
| 2015-11-18 | 30.43% |
| 2015-11-16 | 30.44% |
| 2015-11-12 | 30.44% |
| 2015-11-10 | 30.44% |
| 2015-11-06 | 30.44% |
| 2015-11-04 | 50.91% |
| 2015-11-02 | 50.91% |
| 2015-10-29 | 50.92% |
| 2015-10-27 | 50.92% |
| 2015-10-23 | 50.92% |
| 2015-10-21 | 50.91% |
| 2015-10-19 | 50.90% |
| 2015-10-15 | 50.91% |
| 2015-10-13 | 50.90% |
| 2015-10-09 | 50.91% |
| 2015-10-07 | 50.91% |
| 2015-10-05 | 50.92% |
| 2015-10-01 | 50.91% |
| 2015-09-29 | 50.90% |
| 2015-09-25 | 50.91% |
| 2015-09-23 | 50.91% |
| 2015-09-21 | 50.91% |
| 2015-09-17 | 50.91% |
| 2015-09-15 | 50.91% |
| 2015-09-11 | 50.91% |
| 2015-09-09 | 50.91% |
| 2015-09-04 | 50.92% |
| 2015-09-02 | 63.64% |
| 2015-08-31 | 50.91% |
| 2015-08-27 | 50.91% |
| 2015-08-25 | 50.91% |
| 2015-08-21 | 50.91% |
| 2015-08-19 | 50.91% |
| 2015-08-17 | 50.91% |
| 2015-08-13 | 50.91% |
| 2015-08-11 | 50.91% |
| 2015-08-07 | 50.91% |
| 2015-08-05 | 58.33% |
| 2015-08-03 | 58.33% |
| 2015-07-30 | 58.33% |
| 2015-07-28 | 58.33% |
| 2015-07-24 | 58.34% |
| 2015-07-22 | 58.34% |
| 2015-07-20 | 58.33% |
| 2015-07-16 | 58.34% |
| 2015-07-14 | 58.33% |
| 2015-07-10 | 58.33% |
| 2015-07-08 | 58.33% |
| 2015-07-06 | 58.33% |
Showing the most recent 260 of 1,071 data points. The chart above shows the full history.
| $0.00 |
| N/A (Loss) |
| 2019-12-31 | ($1.15) | $0.21 | N/A (Loss) |
| 2018-12-31 | ($8.35) | $0.28 | N/A (Loss) |
| 2016-12-31 | $0.25 | $0.28 | 112.0% |
| 2015-12-31 | ($0.45) | $0.28 | N/A (Loss) |
| 2014-12-31 | $0.43 | $0.28 | 65.1% |
| 2013-12-31 | $1.00 | $0.18 | 18.0% |
| 2012-12-31 | $1.42 | $0.00 | 0.0% |
| 2011-12-31 | $1.24 | $0.00 | 0.0% |
| 2010-12-31 | $0.39 | $0.00 | 0.0% |
| 2009-12-31 | ($2.17) | $0.00 | N/A (Loss) |
| 2008-12-31 | ($1.11) | $0.24 | N/A (Loss) |
| 2007-12-31 | ($0.07) | $0.32 | N/A (Loss) |
| 2006-12-31 | $0.84 | $0.32 | 38.1% |
| 2005-12-31 | $0.88 | $0.32 | 36.4% |
| 2004-12-31 | $0.42 | $0.32 | 76.2% |
| 2003-12-31 | $0.64 | $0.32 | 50.0% |
| 2002-12-31 | $0.51 | $0.32 | 62.7% |
| 2001-12-31 | $0.31 | $0.32 | 103.2% |
| 2000-12-31 | $0.66 | $0.32 | 48.5% |
| 1999-12-31 | $0.52 | $0.24 | 46.2% |
| 1998-12-31 | $0.52 | $0.32 | 61.5% |
| 1997-12-31 | $0.57 | $0.32 | 56.1% |
| 1996-12-31 | $0.85 | $0.24 | 28.2% |
